Lesson 4: Monopoly and Market Power
Duration of Days: 3
Lesson Objective
Students will analyze monopoly characteristics, barriers to entry, price and output decisions, efficiency effects, regulation, and price discrimination.
Why can monopolies control price? How do monopolies affect consumers, producers, and efficiency? When might government regulate monopoly power?
D2.Eco.4.9-12
D2.Eco.5.9-12
D2.Eco.7.9-12
D2.Eco.8.9-12
CCSS.ELA-LITERACY.WHST.11-12.1
Students examine monopoly behavior using graphs, examples, and policy scenarios, with attention to market power and efficiency. DOK Level 3
Step-by-step graphing guides, real-world examples, argument frames, vocabulary support
Scenario analysis and written response